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What Does the Long-Run Aggregate Supply Relationship Refer To

Question 120

Multiple Choice

What does the long-run aggregate supply relationship refer to?


A) a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy
B) a time period in which input prices can change, but output prices have not had time to adjust
C) a time period in which output prices can change but input prices have not had time to adjust
D) any time period of more than a year

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